Plan Sponsor’s Guide to 401(k) and 403(b) plans

Samet & Company’s Plan Sponsor’s Guide to 401(k) and 403(b) Plans 2016 Edition provides statistics, best practices, guidelines and a compliance calendar to help you make informed decisions about the administration of your employee benefit plan. It is our belief that the key insights described in the study highlight evolving trends in employee benefit plans, which will assist you in evaluating the adequacy and efficiency of your plan.  Furthermore, the best practices offered in this study will provide the information necessary to improve plan administration and ensure compliance with rules and regulations governing your company’s benefit plan.

Download a complimentary copy of the 2016 guide or contact Jay Kessler today with questions about your audit process or results.

Read more about our Employee Benefit Audit practice and how we can help your company.

About the Guide:
This guide is derived from information obtained through the audit process.  The data elements gathered from each plan included plan design, investment options, and plan participation. The study presents only aggregate information, and as such, all individual plan information remains confidential.

Samet focused this study on data collected during 401(k) and 403(b) retirement plan audits for the year ended December 31, 2013. The plans analyzed had over 158,000 total participants and total assets in excess of $6.8 billion. The total assets for the plans ranged from $750,000 to $2.2 billion with an average total asset value per plan of approximately $64 million. The plan sponsors were located throughout the United States, comprised a variety of industries, and included privately held companies, publicly traded companies and nonprofit organizations.

Beyond Compliance:  The Importance of an Audit

Samet works with you to suggest improvements to your benefit plan controls and operations, so that you’ll enjoy future efficiencies.  Our goal is to add value to your employee benefit plan process with each audit – and at a price that will keep you coming back to Samet.

A quality audit of an employee benefit plan is in the best interest of plan participants and fulfills a fiduciary obligation of the Plan Sponsor. Samet is a member of the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Audit Quality Center. This means that we subject ourselves to additional scrutiny to ensure that we maintain the highest level of service. Samet’s experienced professionals, led by Jay Kessler, CPA, a Samet Shareholder, specialize in employee benefit plan audits and perform approximately 100 audits annually.

In recognition of our experience and commitment to the employee benefits area, Jay Kessler has been appointed to the American Institute of Certified Public Accountants (AICPA) Employee Benefits Tax Technical Resource Panel.  This panel includes ten national experts who work to identify issues and develop policy recommendations as well as review a wide range of topics within the benefits area.  Jay was also a featured speaker at the 2012 AICPA’s National Conference on Audits of Employee Benefit Plans.  In addition, Samet is a member of the AICPA Employee Benefit Audit Quality Center.

Print Friendly